Media headlines about Boeing (NYSE:BA) have trended somewhat negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Boeing earned a coverage optimism score of -1.72 on their scale. InfoTrie also gave press coverage about the aircraft producer an news buzz score of 2 out of 10, indicating that recent press coverage is very unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Boeing’s score:
- Is The Boeing Company (BA) A Good Stock To Buy? (feedproxy.google.com)
- Boeing Backs Out of Global IP Satellite Order Financed by China — Update (advfn.com)
- Brazil government to appeal injunction blocking Embraer-Boeing deal (feeds.reuters.com)
- UPDATE 2-Brazil’s govt joins Embraer in challenging injunction of tie-up with Boeing (feeds.reuters.com)
- Brazil court suspends Boeing-Embraer deal until next year (marketbeat.com)
Boeing stock opened at $323.22 on Friday. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.32 and a current ratio of 1.10. Boeing has a 1-year low of $279.90 and a 1-year high of $394.28. The stock has a market capitalization of $188.48 billion, a P/E ratio of 26.85, a PEG ratio of 1.65 and a beta of 1.30.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.11. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The company had revenue of $25.15 billion for the quarter, compared to analyst estimates of $23.84 billion. During the same period in the prior year, the company posted $2.72 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Sell-side analysts expect that Boeing will post 15.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 9th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Thursday, November 8th. Boeing’s dividend payout ratio (DPR) is currently 56.81%.
BA has been the subject of several research reports. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $407.00 price objective for the company in a report on Friday, October 26th. Jefferies Financial Group increased their price objective on shares of Boeing to $410.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Cowen reissued a “buy” rating and set a $445.00 price objective on shares of Boeing in a report on Monday, October 1st. Credit Suisse Group increased their price objective on shares of Boeing from $455.00 to $456.00 and gave the company an “outperform” rating in a report on Thursday, October 25th. Finally, Canaccord Genuity reissued a “hold” rating and set a $360.00 price objective (up previously from $350.00) on shares of Boeing in a report on Thursday, October 25th. Eight investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $410.21.
In other Boeing news, SVP Diana L. Sands sold 5,000 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $350.07, for a total value of $1,750,350.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jenette E. Ramos sold 1,640 shares of the company’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $367.52, for a total transaction of $602,732.80. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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